News
Metal Thieves Swiping Tailpipes Create 1,000% Spike in Claims
State Farm said Thursday that metal thieves in search of platinum, rhodium and palladium are stealing catalytic converters in ever-greater numbers, sending auto-insurance claims soaring across the ...
Berkshire Rejects Shareholder Call to Replace Buffett as Chairman
Berkshire Hathaway Inc. on Friday urged the rejection of four shareholder proposals recommending that it replace Warren Buffett as chairman, report on its plans to handle climate risk and reduce ...
SiriusPoint Partners With Mosaic to Reinvigorate Lloyd’s Business
SiriusPoint Ltd., a global insurer and reinsurer, announced it has entered into a strategic partnership with Mosaic Insurance. SiriusPoint will invest in Mosaic to support growth, provide ...
AM Best Raises Country Risk Level for Russia
The insurance rating firm AM Best said it has moved its country risk tier for Russia to a CRT-5 from a CRT-4 to reflect the "significantly heightened geopolitical, economic and financial system risk" ...
Kin Insurance Announces $82M First Close of Series D Round
Kin Insurance, a direct-to-consumer home insurance company, announced the $82 million first close of its Series D round, with additional commitments for a second close totaling $18 million. The ...
Marsh to Exit Russia; Aon Suspends Operations
Marsh McLennan, the world's largest insurance broker, said on Thursday it would exit all of its businesses in Russia, while its rival Aon suspended operations in the country. "We intend to transfer ...
Tesla, Other Car Makers Have Edge Over Incumbent Insurers: Moody’s
Tesla and other car makers represent a growing threat to incumbent auto insurers, even though they have little direct impact on the insurance market today, Moody's Investors Services said in a report ...
Executives on the Move at AXA XL, At-Bay, Arch
AXA XL has appointed Nancy Bewlay as chief executive reinsurance with immediate effect. She assumes the role from Charles Cooper, who has decided to step down after more than 20 years as a senior ...